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LoanMax title loans review

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LoanMax title loan
Min. Amount
Max. Amount


Borrow up to $10,000 in as little as 20 minutes— but watch out for high APRs.

LoanMax works with borrowers of all credit types and doesn't care if you've filed for bankruptcy in the past. However, your loan must be repaid in 30 days — and you risk losing your car if you can't afford repayments.

In this guide

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  • Details
    • Product details
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Product details

Product Name LoanMax title loan
Min. Amount $100
Max. Amount $10,000
Loan Term Varies
Loan Security Secured
Requirements Source of income, lien-free title, government-issued ID

What is a LoanMax title loan?

A LoanMax title loan is a short-term loan that uses your car’s title as collateral. It’s a fast type of financing designed for emergencies: You can may be able to borrow between $100 to $10,000 and pay it back in 30 days. If you can’t make that repayment, LoanMax lets you roll over your loan up to six times — as long as you can pay off the interest that added up that month.
Rates vary by state, but you can typically expect APRs well into the triple digits. In some states, like Texas and Delaware, you might have to pay a lien fee that can range from $28 to $55 on top of the financing charges. But while you can get started on your application online, you’ll have to bring your vehicle to a location for inspection and complete your application, which should take around 20 minutes.

What are the benefits of a LoanMax title loan?

With its fast turnaround and minimal eligibility requirements, there are a few benefits of borrowing from LoanMax:

  • No credit check needed. You don’t need good credit or even a credit history to qualify for a LoanMax title loan.
  • Fast turnaround. It can take as little as 20 minutes to get your cash.
  • Bankruptcy OK. LoanMax is one of the few lenders willing to work with borrowers who have a bankruptcy on their credit report.
  • Multiple repayment methods. In addition to online repayments, LoanMax accepts cash, debit cards, cashier’s checks and money transfers through Western Union.
  • Rollovers available. You can roll over your loan up to six times if you aren’t able to afford your payment. But watch out: this can make your loan much more expensive.

What to watch out for

While LoanMax title loans come with a few incentives, consider these potential drawback before applying:

  • Default leads to repossession. If you aren’t able to repay your loan, you may lose your car — which can make a difficult financial situation even worse.
  • Glitchy website. We weren’t able to complete an online application through LoanMax’s website and noticed more than a few broken links when looking for more information.
  • High APRs. The few APRs that LoanMax discloses are well into the triple digits, going as high as 372% in South Carolina.
  • Not available everywhere. You need to live near a LoanMax branch in one of the 18 states it operates in order to complete the application process.

Compare title loan providers like LoanMax

Name Product Filter Values Loan amount Turnaround time Requirements
Finder Score: 4.7 / 5: ★★★★★
Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day for a fee
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest and no credit checks. Subject to EarnIn terms & conditions.
Max Cash Title Loans
Up to $50,000
Same business day to 1 business days
Must be a US citizen or permanent resident, 18 or older with a regular source of income.
With a quick online application, Max Cash could help connect you with a lender, finding you options in minutes.
LoanMart Car Title Loans
$2,500 to $50,000
1 business day
Resident of an eligible state, car title in your name, proof of income, valid state ID
A LoanMart auto title loan allows you to borrow money against your car, even if you have bad credit.
Not rated yet
Based on the amount of accrued PTO
2 to 5 days
18+ years of age, live in eligible state, have W2 job with salary of $30k+, have PTO days accrued
Tap your unused PTO for a cash advance so you can access that money early. Available in: CO, FL, IL, MA, NY, NJ, TX, VA, OR, AR, NE, TN, ME, CT, WV
Go to site
Finder Score: 4.1 / 5: ★★★★★
Up to $250
3 to 4 days standard transfer. Same day with $3.99 - $9.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Dave ExtraCash
Finder Score: 4.2 / 5: ★★★★★
Dave ExtraCash
Up to $500
Up to 3 business days, or instant for a fee
At least two direct deposit paychecks to your bank account from your employer, extra money in your bank account
Borrow up to $100 to avoid hefty overdraft fees.

Must read: Beware of rollovers

A 300% APR is high, but it might not be as expensive as it sounds if you repay your title loan on time. The real danger comes when you roll over your loan. LoanMax allows you to do this six times if you can pay off the interest that’s added up. This means you could end up paying 150% of your loan amount in interest and fees over those six months. And depending on how much you borrow, this could easily lead to thousands of dollars dropped on a loan without much to show for it.
Along with the potential for repossession, it makes sense to compare other short-term loan options before you borrow.

Is it safe to apply with LoanMax?

Generally, yes. However, there’s no way for any lender to absolutely guarantee the safety of any information you enter online. LoanMax uses SSL encryption to secure any information you submit through its online forms, and its privacy policy warns customers against submitting any personal information like your Social Security number through email, since that isn’t secure.
LoanMax doesn’t share your information with other companies for marketing purposes, so there’s no need to opt out to protect your personal information — unlike most lenders that may choose sell your info to third parties.

LoanMax reviews and complaints

BBB accreditedNo
BBB ratingF
BBB customer reviews1.57 out of 5 stars, based on 7 customer reviews
BBB customer complaints188
Customer reviews verified as of16 October 2020
LoanMax doesn’t have a strong online — not surprising for a short-term lender. The Better Business Bureau (BBB) gives it a failing grade, due in part to near-200 complaints filed against it in the last three years.
It doesn’t have a Trustpilot page, though several of its locations are reviewed on Yelp. It also did poorly there, rarely scoring more than 3 out of 5 stars. On top of complaining about the high APRs, several customers felt misled about how repayments work when they signed their loan contracts. Others were unhappy that they’d been given conditional approval online only to be rejected when visiting the branch.

Am I eligible?

To qualify for a LoanMax title loan, you must:

  • Have a lien-free title. This means you own your car outright and aren’t currently making payments on it, whether through a traditional car loan or any other type of loan that uses it as collateral.
  • Have a steady source of income. You don’t necessarily need to be employed as long as you’re collecting unemployment benefits or receive a regular check.
  • Live in an eligible state. LoanMax only offers title loans in 18 states.
  • Have a government-issued ID. LoanMax typically asks to see your driver’s license or another form of government-issued ID to verify your identity.

If LoanMax thinks you’ll have trouble paying off the loan on your own, it might require you to apply with a cosigner. And all individuals listed on your vehicle’s title must go with you to the LoanMax branch to complete an application.

How do I apply?

LoanMax lets you start your application online. But even if you get conditionally approved, you’ll still need to bring your title and vehicle to a LoanMax location for inspection. Follow these steps to get started:

  1. Go to the LoanMax website and complete the form with info about yourself and your car. Click Next.
  2. Follow the directions to complete and submit your application.
  3. Wait for a representative to contact you to go over your application.
  4. Bring your vehicle, title and photo ID to a LoanMax location to complete the application and have your car inspected.
  5. If approved, review and sign your loan documents.

The entire process typically only takes about 20 minutes, and you’ll be able to drive your car while you’re paying off your loan.

LoanMax locations by state

I got a title loan from LoanMax. Now what?

Once you receive your cash from LoanMax, you have to pay back your loan in 30 days. LoanMax accepts the following repayment methods:

  • Debit card.
  • Cash.
  • Cashier’s check.
  • Money order.
  • Western Union transfer.

If you’re unable to make that full repayment, you have the option of just paying off the interest that accrued and rolling over your loan. However, this can make your loan much more expensive and should only be done in an absolute emergency.
If you have any questions or concerns, reach out to customer service as soon as possible by calling 877-511-2274.

Bottom line

Title loans from LoanMax are meant to be a quick solution for emergency expenses. It’s one of the few lenders out there willing to work with borrowers who’ve filed for bankruptcy in the past. However, it’s not a cheap loan and comes with the risk of starting a cycle of debt — thanks to the option to roll over your loan. And you risk losing your car if you can’t afford your final repayment.
Of course, LoanMax isn’t the only lender out there. If you’re interested in other title loan providers, visit our guide to title loans to see how LoanMax stacks up.

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